VSEE (VSee Health) Gross Margin %: 37.91% (As of Mar. 2026) — 45% Below Median


VSEE VSee Health Inc VSEE
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What is VSee Health Gross Margin %?

VSee Health VSEE +0.09% 8 Gross Margin % is 37.91% as of Mar. 2026, which is 45% below its 10-year median of 68.88. GuruFocus rates VSEE with a GF Score™ of 8/100. The stock has 5 warning signs investors should review. Among 630 Healthcare Providers & Services companies, VSee Health ranks better than 57.3% on this metric.

Gross Margin % is calculated as gross profit divided by its revenue. VSee Health's Gross Profit for the three months ended in Mar. 2026 was $1.20 Mil. VSee Health's Revenue for the three months ended in Mar. 2026 was $3.16 Mil. Therefore, VSee Health's Gross Margin % for the quarter that ended in Mar. 2026 was 37.91%.


The historical rank and industry rank for VSee Health's Gross Margin % or its related term are showing as below:

VSEE' s Gross Margin % Range Over the Past 10 Years
Min: 46.3   Med: 68.88   Max: 80.74
Current: 46.3


During the past 5 years, the highest Gross Margin % of VSee Health was 80.74%. The lowest was 46.30%. And the median was 68.88%.

VSEE's Gross Margin % is ranked better than
57.3% of 630 companies
in the Healthcare Providers & Services industry
Industry Median: 40.075 vs VSEE: 46.30

VSee Health had a gross margin of 37.91% for the quarter that ended in Mar. 2026 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for VSee Health was 0.00% per year.


VSee Health  (NAS:VSEE) Gross Margin % Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

VSee Health had a gross margin of 37.91% for the quarter that ended in Mar. 2026 => Competition eroding margins


Be Aware

If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.


VSee Health Gross Margin % Related Terms


VSee Health Gross Margin % Historical Data

* Premium members only.

The historical data trend for VSee Health's Gross Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

VSee Health Gross Margin % Chart

VSee Health Annual Data
Trend Dec21 Dec22 Dec23 Dec24 Dec25
Gross Margin %
80.74 75.81 66.48 68.88 50.32

VSee Health Quarterly Data
Dec21 Dec22 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Gross Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 56.01 46.84 52.07 46.71 37.91

VSEE vs MGRX, HCTI, MNDR: Gross Margin % Comparison

For the Health Information Services subindustry, VSee Health's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


VSee Health Gross Margin % vs Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, VSee Health's Gross Margin % distribution charts can be found below:

* The bar in red indicates where VSee Health's Gross Margin % falls into.


VSEE
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VSee Health Inc VSEE
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VSee Health Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

VSee Health's Gross Margin for the fiscal year that ended in Dec. 2025 is calculated as

Gross Margin % (A: Dec. 2025 )=Gross Profit (A: Dec. 2025 ) / Revenue (A: Dec. 2025 )
=7.4 / 14.618
=(Revenue - Cost of Goods Sold) / Revenue
=(14.618 - 7.262) / 14.618
=50.32 %

VSee Health's Gross Margin for the quarter that ended in Mar. 2026 is calculated as


Gross Margin % (Q: Mar. 2026 )=Gross Profit (Q: Mar. 2026 ) / Revenue (Q: Mar. 2026 )
=1.2 / 3.16
=(Revenue - Cost of Goods Sold) / Revenue
=(3.16 - 1.962) / 3.16
=37.91 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.

Frequently Asked Questions Learn more about Gross Margin % →
What does a Gross Margin % of 37.91% mean?
VSee Health (VSEE) has a Gross Margin % of 37.91% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on VSee Health and its competitors. This is 45% below median its historical median of 68.88. Over the past decade, VSee Health's Gross Margin % has ranged from 46.30 to 80.74. According to the industry distribution chart, VSee Health ranks #269 out of 630 companies in the Healthcare Providers & Services industry, placing it in the top 42.7%.
Is VSee Health's Gross Margin % too high?
VSee Health's current Gross Margin % of 37.91% is 45% below median its 10-year median of 68.88. Over the past 10 years, this metric has ranged from a low of 46.30 to a high of 80.74. The Healthcare Providers & Services industry median Gross Margin % is 40.08. VSee Health's value of 37.91% is 5.4% below this industry median. Based on the distribution chart, VSee Health ranks #269 out of 630 companies in the Healthcare Providers & Services industry, which is above the industry midpoint. Overall, VSee Health has a GF Score™ of 8/100, reflecting its overall financial health beyond just this single metric.
How does VSee Health's Gross Margin % compare to MGRX and HCTI?
According to the Healthcare Providers & Services industry distribution chart, VSee Health ranks #269 out of 630 companies for Gross Margin %. This puts VSee Health in the upper half of its industry. The industry median Gross Margin % is 40.08. VSee Health's value of 37.91% is 5.4% below this benchmark. Historically, VSee Health's own Gross Margin % has ranged from 46.30 to 80.74 over the past decade. While the company's 10-year median is 68.88 vs. the industry median of 40.08, VSee Health has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Gross Margin % for a Healthcare Providers & Services company?
The median Gross Margin % among Healthcare Providers & Services companies is 40.08, based on 630 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. VSee Health's current Gross Margin % of 37.91% is 5.4% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on VSee Health and its competitors. For the Healthcare Providers & Services industry, the median Gross Margin % is 40.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. VSee Health's current Gross Margin % is 37.91%, which is 45% below median its own 10-year median of 68.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is VSee Health stock overvalued right now?
VSee Health (VSEE) has a current Gross Margin % of 37.91%. The current Gross Margin % is 37.91%, which is 45% below median its 10-year median of 68.88 and 5.4% below the Healthcare Providers & Services industry median of 40.08. VSee Health's overall GF Score™ is 8/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For VSee Health (VSEE), the current Gross Margin % is 37.91% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

VSee Health Business Description

Address 980 N Federal Highway, Suite 304, Boca Raton, FL, USA, 33432
VSee Health Inc is a telehealth software platform offer a comprehensive telehealth platform for U.S. hospitals and enterprises. Through VSee Lab, the company offer a set of telehealth software building blocks, data connectors, and workflow templates that can be rapidly configured into the clients workflows. Companies offerings allow clinicians without programming experience to configure building blocks into their existing workflow without requiring programmers. These set of building blocks can connect to electronic medical record systems such as EPIC and Cerner via HL7, FHIR, and sFTP. The entire telehealth platform sits on a scalable server architecture and is HIPAA compliant and SOC2 externally audited.
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